Jubilant Pharmova Receives ₹22.10 Crore Tax Demand Order
Jubilant Pharmova Limited has received an order from the Income Tax Department, DCIT/ACIT (Central), Moradabad, raising a tax demand of ₹22.10 crores for FY 2020. The demand primarily arises from arit...
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Why is Jubilant Pharmova Limited in the news today?
Jubilant Pharmova Limited (JUBLPHARMA) is in the news due to the company has received a tax demand order, which is a negative event. however, the company believes the demand is erroneous and expects it to be deleted after legal proceedings, and does not foresee material financial implications. this leads to a neutral sentiment as the potential negative impact is mitigated by the company's stance and belief in a favorable outcome.
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Jubilant Pharmova Receives ₹22.10 Crore Tax Demand Order
December 31, 2025, 07:26 AM
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Jubilant Pharmova Limited has received an order from the Income Tax Department, DCIT/ACIT (Central), Moradabad, raising a tax demand of ₹22.10 crores for FY 2020. The demand primarily arises from arithmetical errors, mistakes apparent from records, certain disallowances of expenses and deductions, and transfer pricing adjustments, which the company believes were made ignoring its contentions.
The company received the order on December 30, 2025, at 4:23 PM IST, with the order itself dated December 27, 2025. Jubilant Pharmova intends to file a rectification application and/or an appeal against this order, as they believe the demand suffers from mistakes apparent from the records.
The company expects that the impugned tax demand will be deleted post the redressal process and does not anticipate any material financial implications. This information is being submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement will also be posted on the company's website.
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